Meta Expands Board with New Additions from Goldman Sachs and Stripe

Meta Platforms, Inc. META announced on Friday that it will appoint Dina Powell McCormick and Patrick Collison, CEO of Stripe, to its board of directors, effective April 15. This decision increases the board’s size to 15 members.

Appointment Details

Meta CEO Mark Zuckerberg shared the update on Facebook, stating, “Many businesses rely on our services to grow – and Dina and Patrick will help us continue to serve them.”

About the New Board Members

Dina Powell McCormick brings substantial experience to the board, having spent 16 years in senior leadership roles at Goldman Sachs Group Inc. GS. Her resume includes significant positions in the government, such as deputy national security adviser during former President Donald Trump’s first term and senior White House adviser under President George W. Bush.

Currently, she serves as vice chair, president, and head of Global Client Services at BDT & MSD Partners.

Patrick Collison, co-founder of the fintech company Stripe since 2010, has previously been part of Meta’s external advisory group, which advises on technology and product strategies. Zuckerberg expressed his satisfaction with Collison joining the board for a more active role.

Strategic Implications

These appointments come as part of a broader transformation in Meta’s leadership and policy approach. In January, the company brought on three new directors, including UFC President Dana White, who aligns closely with Trump.

Additionally, Meta has initiated several significant changes since the start of the year. These include ending its U.S. fact-checking program, discontinuing diversity initiatives, and promoting Joel Kaplan, a longtime Republican operative, to chief global affairs officer.

Notably, Meta’s board currently features prominent figures like venture capitalist Marc Andreessen and DoorDash DASH CEO Tony Xu.

Company’s Future Direction

Meta’s recent strategy appears designed to enhance its relationship with the current administration, particularly following Zuckerberg’s $1 million donation to Trump’s inauguration.

The former president has previously accused Meta of limiting conservative viewpoints on the platform. Earlier discussions revealed that officials from the Joe Biden administration had sometimes urged Meta to remove certain content, despite the company’s pushback against these requests.

Performance Metrics

As a closing note, Meta has achieved a growth score of 74.90%, based on the Benzinga Edge Stock Rankings—revealing its competitiveness in the market compared to firms like Goldman Sachs and DoorDash.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.